$850,000
Est. $4,285/mo3 bd•1 ba•1,960 sq ft
7822 Ne Lake City Way Ne, Seattle, WA 98115
• Listed 2026-04-23•3 days on market
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Based on information submitted to the MLS GRID as of June 15, 2026 at 10:07am (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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ATTN Developers, Builders, & Investors! An exceptional, high-density development opp a/w in Lake City urban corridor. Offer for the first time, 7818 & 7822 Lake City Way combined, near-level ~9,000 SF footprint primed for a mid-rise, mixed-use project. Featuring robust C1-55 zoning w/ an allowable 3.75 FAR, provides a clear, predictable pathway to construct. a 6-story bldg. Prelim Feasibility highlights an ideal yield of up to 42 RES units (suited for studios/1-bdrm) ground-floor commercial use. Take advantage of Seattle’s 4-foot gnd-fl height bonus to max. ceiling & views, utilizing UG parking entry. Strong local rental demand, prime eligibility for Seattle's 12 year Multi-family Tax Exemption (MFTE) program to max. your post-stabilization yields. while you clear your master use permits (MUP). Buyer to verify all feasibility and zoning constraints to their satisfaction. Total Lot Size: Approx. 9,000 SF (Combined dual-parcel assemblage) Zoning: C1-55 (Commercial 1, 55’ base height limit) Development Capacity: Up to 33,750 gross buildable SF under a 3.75 FAR Pro-Forma Optimization: High-velocity rental sub-market with excellent financial metrics leveraging Seattle's 12-year MFTE property tax exemption.6-story building featuring ground-floor commercial retail and 5 levels of multifamily housing (up to 42 units). Covered Land Play: Existing residential structures offer immediate holding rental cash flow during the architectural and permitting phases.
Listed by Diane Li • Kelly Right RE of Seattle LLC
Listing updated: June 15, 2026 at 10:07am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2508699
Open houses
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Open Fri, Jun 19 +2
Open Fri, Jun 19 +2
Open Fri, Jun 19 +2
Open Fri, Jun 19 +2$1,123,000
+$273,000 over list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $1.07M and $1.45M.
Rental earnings
$3,375/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$1,262,000Last sold price
7546 Brooklyn Avenue Ne, Seattle, WA 98115
$1,075,000Last sold price
1716 Ne 80th Street, Seattle, WA 98115
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
7822 Ne Lake City Way Ne, Seattle, WA 98115
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
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Seattle is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 6 days.
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19%
Over list
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Days on market
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Distance
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Days on market
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Distance
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0%
Over list
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Days on market
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Distance
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0%
Over list
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Days on market
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Distance
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Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
Seattle School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
